Fund Houses Update - 13 August 2025

Dear Trader...

Fund Houses Recommendations

• Citi on PayTM: Maintain Buy on Company, target price at Rs 1215/Sh (Positive)

• Jefferies on Belrise: Maintain Buy on Company, raise target price at Rs 160/Sh (Positive)

• Jefferies on Zydus Life: Maintain Buy on Company, target price at Rs 1150/Sh (Positive)

• Nomura on Zydus Life: Maintain Buy on Company, target price at Rs 1140/Sh (Positive)

• Jefferies on Belrise: Maintain Buy on Company, target price at Rs 135/Sh (Positive)

• Jefferies on Honasa Consumer: Maintain Buy on Company, target price at Rs 400/Sh (Positive)

• CLSA on Honasa Consumer: Maintain Buy on Company, target price at Rs 333/Sh (Positive)

• MS on Nykaa: Maintain Overweight on Company, target price at Rs 225/Sh (Positive)

• Nuvama on Nykaa: Maintain Buy on Company, target price at Rs 235/Sh (Positive)

• Nomura on Nykaa: Maintain Buy on Company, target price at Rs 223/Sh (Positive)

• MS on JSPL: Maintain Equal weight on Company, target price at Rs 950/Sh (Positive)

• Citi on Apollo Hospitals: Maintain Buy on Company, target price at Rs 8260/Sh (Positive)

• Investec on Suzlon: Maintain Buy on Company, target price at Rs 70/Sh (Positive)

• Jefferies on Dr Agrawal: Maintain Hold on Company, raise target price at Rs 430/Sh (Positive)

• Nomura on Alkem: Maintain Buy on Company, raise target price at Rs 5430/Sh (Positive)

• MOSL on HAL: Maintain Buy on Company, target price at Rs 5800/Sh (Positive)

• Nuvama on HAL: Maintain Buy on Company, target price at Rs 6000/Sh (Positive)

• Nomura on HAL: Maintain Buy on Company, target price at Rs 6100/Sh (Positive)

• Nuvama on BDL: Maintain Buy on Company, target price at Rs 2250/Sh (Positive)

• MOSL on BDL: Upgrade to Buy on Company, target price at Rs 1900/Sh (Positive)

• Jefferies on ONGC: Maintain Buy on Company, target price at Rs 360/Sh (Positive)

• CLSA on NHPC: Maintain Buy on Company, target price at Rs 117/Sh (Positive)

• MS on CPI Inflation: July print in-line; food prices show mixed trend in August, headline CPI likely to rise to 2.5% YoY. Expect another rate cut in October as growth outlook appears softer than RBI’s estimates (Positive)

• Nuvama on CPI Inflation: Disinflation deepens, time for RBI to ease and fiscal push to support growth (Positive)

• Jefferies on Aavas Fin: Maintain Buy on Company, cut target price at Rs 2175/Sh (Neutral)

• MS on HAL: Maintain Equal weight on Company, target price at Rs 5092/Sh (Neutral)

• Macquarie on Hindalco: Maintain Outperform on Company, target price at Rs 709/Sh (Neutral)

• Nuvama on Hindalco: Maintain Buy on Company, cut target price at Rs 757/Sh (Neutral)

• Bernstein on PayTM: Maintain Outperform on Company, target price at Rs 1100/Sh (Neutral)

• Nuvama on Titagarh Rail: Maintain Buy on Company, cut target price at Rs 1142/Sh (Neutral)

• Nuvama on Minda Corp: Maintain Buy on Company, cut target price at Rs 590/Sh (Neutral)

• Nomura on Apollo Hospitals: Maintain Neutral on Company, target price at Rs 6856/Sh (Neutral)

• Jefferies on Hindalco: Maintain Hold on Company, target price at Rs 690/Sh (Neutral)

• CLSA on Hindalco: Maintain Outperform on Company, target price at Rs 850/Sh (Neutral)

• Nuvama on Hindalco: Maintain Buy on Company, target price at Rs 776/Sh (Neutral)

• MOSL on Hindalco: Maintain Buy on Company, target price at Rs 790/Sh (Neutral)

Warm Regards...

Nikhil Bhatt
Business Editor
Investment Point
Contact :- 99390 80808
www.nikhilbhatt.in

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